‘Wealth is really relative in the eyes of the beholder.’ You may not be as rich (or poor) as you think.

Some say wealth is a frame of mind. But for financial advisers it’s a measuring stick.

The financial services industry clumps households into various categories to segment their relative wealth. For example, the “mass affluent” are loosely defined as having between $100,000 and $1 million in investable assets.

The definition of high-net-worth…